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Ewein, Olympia, Samchem, Global Oriental, Iskandar Waterfront

TheEdge Tue, Feb 07, 2017 01:33pm - 3 years ago

KUALA LUMPUR (Feb 7): theedgemarkets.com highlighted 20 stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while 19 had negative momentum.

The stock with positive momentum was :

Ewein Bhd – up three sen at 78 sen

Stocks with negative momentum included :

Olympia Industries Bhd – down 0.5 sen at 9.5 sen

Samchem Holdings Bhd – up 18 sen at RM1.65

Global Oriental Bhd – up one sen at 42.5 sen

Iskandar Waterfront City Bhd – up 6.5 sen at 97 sen

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell.  Note also that momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

Related Stocks

BURSA 8.340
EWEIN 0.370
GOB 0.225
IWCITY 0.670


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